Rise of the private sector

Privately owned insurers now account for 35% of India's non-life market

Rise of the private sector

After less than five years in the market, India's private sector non-life insurance companies are rapidly taking market share from their bigger, better established and capitalised public sector rivals. India (with an estimated educated, middle class population of 250 million people), along with China, is widely regarded as one of the two most promising emerging insurance markets in the world.